MIRA
INFORM REPORT
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Report Date : |
23.12.2008 |
IDENTIFICATION DETAILS
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Name : |
JOSEPH MIMRAN &
ASSOCIATES INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
21.12.1995 |
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Com. Reg. No.: |
ON-0001161527 |
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Legal Form : |
Ontario Corporation – Profit |
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Line of Business : |
Designer, Importer and Wholesaler of Several Products including Clothes,
Skirts, Blankets, and Other Products. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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Maximum Credit Limit : |
CAD 8,000,000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
JOSEPH MIMRAN &
ASSOCIATES INC
Company acronym: --
Contact Information
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Address |
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Telephone |
416-516-5233 |
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Fax |
416-516-4113 |
Registration Data
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Date of Registration |
12-21-1995 |
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Registration number |
ON-0001161527 |
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Legal address |
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Legal Form |
Ontario Corporation – Profit |
Shareholders
with Shares
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Shareholder Names |
Share% |
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Joseph MIMRAN |
n/a |
Board/Executive
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Name |
Joseph MIMRAN |
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Position within the company |
President & CEO |
Joseph MIMRAN was previously
employed with Polo Ralph Lauren.
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Designer, importer and wholesaler of several products including clothes,
skirts, blankets, and other products.
The Company is doing business under the brand JOE FRESH.
Major customer include LOBLAWS COMPANIES, a big chain of superstores in
Staff
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Number of staff employed |
60 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Europe, |
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Exports To |
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Facilities
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Rented |
Office |
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Premises Size |
3,000 sq. feet |
Subsidiaries
and Participation
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Parent Company |
- |
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Subsidiaries |
- |
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Affiliates |
- |
Branches
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Address |
Warehouse |
Bankers
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Bank |
Canadian Imperial Bank CIBC |
Suppliers,
Partners
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Suppliers |
Not known |
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Partners |
Not known |
Litigation, Remarks
on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
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Source |
Bank |
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Figures are |
Estimate |
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Currency |
CAD |
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Months |
Sales Figures |
Sales |
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12 |
31/12/2007 |
+500,000,000= |
Reporter Comments
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Comments |
On a direct call, a Secretary Controlled the
present report. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Low Trade Risk and to be fair. According to our credit analysts, during the last 6 months, 94% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 2 days
beyond terms. |
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MAX CREDIT |
CAD 8,000,000+ |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
CAD 8,000,000= |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.39 |
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1 |
Rs.70.65 |
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Euro |
1 |
Rs.66.33 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)